RE: Supply-Shock Confirming at $50k
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The initial price that you get on the conversion doesn't matter...kind of. The real price is the one that you get 3.5 days later. Since the conversion process uses the smallest median price for the last 3.5 days it looks like it's not profitable but the only thing that it does is limit the amount of HBD that you receive initially.
What really matters is the difference between the internal market and the median price feed at the end of the process.
Having said that I am a greedy bastard and I am waiting for the price feed to catch up to the external market to get a better price.
Thank you for confirming my belief.
As long as the price you pay for your hbd on the internal market is higher than what you paid in the conversion, you have traded your hive for hbd in return for less hive.
Those numbers should be a whoot to see.
So much carnage, so little math.